RECENT DEALS for May 14

5:00 AM Saturday May 14, 2016Paul Charman

This big industrial property near Thames sold for $1,020,000.

Big Thames industrial property

A large industrial property at 27 Kopu Rd near Thames, leased to a recycling business which has occupied the 1.4 ha site for the past 35 years, has sold for $1,020,000 at a 7.6 per cent yield through Josh Smith of Bayleys Waikato.

Takanini building

A 3433sq m showroom and warehouse on a 7701sq m freehold, Mixed Use property at 15 Inlet Rd, Takanini, has been sold for $3,375,000 by Paul Jarvie and Andrew Hooper of Colliers International.

Oteha Valley Road

A block of eight retail units at 252 Oteha Valley Rd, Albany, has been sold at auction for $9,057,000 by Shoneet Chand and Matt Prentice of Colliers International.

Mixed Use

A 1754sq m two-level character office building on a 2202sq m Mixed Use site at 326-328 New North Rd, Kingsland has sold for $8,228,888 at a 6.45 per cent yield through Alan Haydock, Bayleys Auckland.

Newmarket offices

A 778sq m office building on an 819sq m site at 5 Broadway, Newmarket — with 25 carparks and two leases in place until March next year — has sold for $5.1 million at a 5.55 per cent yield through Ben Wallace of Bayleys Auckland.

Alpha Engineering

A 1251sq m industrial building on a 2054sq m site at 5 Mana Place, Wiri, has been sold at auction for $1,880,000 at a 4.8 per cent yield after marketing by James Hill, Mike Houlker and Sunil Bhana of Bayleys Auckland.

Freemans Bay

A two-storey office building with underground car parking on a 482sq m site 31 Spring St, Freemans Bay has sold for $3.5 million at a 5.4 per cent yield, through Scott Kirk and James Were of Bayleys Auckland and Jonathan Lynch of Colliers International.